Thursday, July 28, 2011

Harleysville National misses OCC deadline - Philadelphia Business Journal:

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A company spokesman said Wednesday that Harleysville National has not yet heards from regulators and does not expect animmediate penalty. The company has said regulatorsw may deem noncompliance to be an unsafe and unsoun banking practice which would subject the bank to administrativd actions or sanctions Harleysville said it has yet to raise any money or sell off any assets but is working hard todo so. the bank’s capital levels are less than those requiredx underthe ’s newly required minimum individual capital ratios.
CEO Paul Geraghtg has said Harleysville National hopes toraise $65 millionm to $120 million in He has said he believexs the OCC’s required capital ratios are but did not think it couldc be done by June 30. The company said it was conductingb due diligence on options for raising reducing its assets or The spokesman said not to expect any sale of fee businesses such as its wealth management division, which Harleysville National considers tremendousl valuable. He said a more likely option would be sellingoff loans.
Harleysville has said its ability to increase its capital levels to meetthe OCC’s requirementsd will largely depend on its financial performance and conditions in the capitalk markets, which are outside its It added that raising capital through the issuance of commonh stock or other securities would likelyy dilute the value of its common Harleysville’s capital ratios have been negatively affectedr by the economic downturn and its effect on the businesses and homeowners with whom it does Geraghty said the company has been working to strengthen credi administration, add to its loan workoutt staff, and actively manage the troubledf loans that are weighing down its portfolio.
At its most recent annuao meeting thispast spring, Geraghty told shareholdersd he intends to meet regulatory requirements for a well-capitalizexd bank by the end of the Now that plan will have to be The Harleysville, Pa.-based bank (NASDAQ:HNBC) has $5.6 billion in assets and is the largesr locally based bank in the eight-county Philadelphias region with last year’s additiob of Willow Financial It has the seventh-most deposits in the region with just more than $3

Monday, July 25, 2011

Cox Communications ups speed for residential broadband customers - Phoenix Business Journal:

http://bestquest.com/mathscoolfactsheet.html
The new 25 megabit-per-second speed costd about $79.99 a and requires a new modem to take advantag e of a newdownloading protocol. “Our customers tell us that speed is one of the most importantt factors in their choice and Cox Arizona is committed to enhancing our network so we can bring our customerzsthe fastest, most reliable speeds,” said Janet vice president of marketing and sales for Cox Arizona. Uploade speeds are capable of reaching 2 megabits per about 200 percent faster thanpreviouds speeds. The service is available to residential users everywher ein Cox’s Phoenix territory except Wickenburb and Queen Creek.
The move also puts the cabld carrier slightly faster than rival Qwest Communications International which offers download speeds of up to 20 megabits per The two companies have been upgrading theid systems during thepast year, in the processw leap-froging each other for top

Saturday, July 23, 2011

Utah base boasts military's sole train repair shop - Deseret News

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Deseret News


Utah base boasts military's sole train repair shop

Deseret News


Associated Press Cody Allen uncovers an engine that will go in an Army locomotive at the Defense Generator & Rail Center at HAFB. On average, the group overhauls three general-purpose locomotives every year. Each locomotive weighs 120 tons, ...



and more »

Thursday, July 21, 2011

Gates Foundation donates $1.4M to Charlotte-Mecklenburg Schools - Charlotte Business Journal:

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million grant from the will support a initiative to improve student achievement infive low-performinf schools. The program will provide student-achievemengt data to teachers at Midwood, Waddell, West Charlotte and West Mecklenburg high It also will assist administrators inprovidingv professional-development opportunities for faculty members. Each of the five high schools will havean on-sitw data analyst who will monitof each school's progress and assist teachers in strengthenin g their curriculum and instruction.
"CMx is committed to supporting classroom teachersd with the tools they need to improv instruction and help allstudents succeed," says CMS Superintendentt Peter Gorman. "Now teachers will be able to pinpoint exactlty which students are having trouble and quickly make corrections to get them back on Bill Gates is the founder ofMicrosoft (NASDAQ:MSFT) of Redmond, Wash. To date, the foundation has investef morethan $1.9 billion to improve high supporting more than 1,800 schools in 47 stateas and the District of Columbia. In Norty Carolina, the foundation has investee morethan $32 million to address the educationap needs of low-performing students.

Tuesday, July 19, 2011

Phoenix attorney Kaites, former Expos, Nationals president part of Reinsdorf bid for Coyotes - South Florida Business Journal:

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Reinsdorf, who owns the Chicagko Bulls andWhite Sox, is the lead name on the $148 millioj offer for the team, which is in Chaptefr 11 bankruptcy reorganization. Canadian billionaire Jim Balsillie earlierf madea $213 million offer to buy the hockeh team and move it to Ontario. Reinsdorf put in his bid Fridaty alongwith Kaites. Bankruptcy courr filings say Tavares, CEO of New York-based Sportse Properties Acquisition Corp., will join the effort. Kaiteas is an attorney with LLC in Phoenix and a principal withthe Phoenix-basedx lobbying firm .
The firm counts Reinsdorf, the Gila River Indiab Community, Magellan Health Services and the Professional Firefighters of Arizonas union amongits clients, according to the Arizona Secretaryu of State’s Office. Kaites served as a prosecutor in MaricopwaCounty Attorney’s office beforr unsuccessfully running for state attorney general in 1998. He also servef in the Arizona Legislature and worked as a weathermabon KPNX-TV Channel 12. Kaites has been a politicalk allyof U.S. Sen. John R-Ariz., serving on his 2008 Arizon a presidential campaign leadership team in Tavares served as president of the Montreao Expos during the time when the baseball team relocatedf toWashington D.C.
and becamde the Nationals.

Saturday, July 16, 2011

Pupil-service provider ratios - Orlando Business Journal:

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pupils per provider • 2. Wellsville, 66.4 pupils per providet • 3. North 74.8 pupils per provider 4. Dunkirk, 75.1 pupils per provide • 5. Kendall, 84.5 pupils per provide r • 6. Cattaraugus-Little Valley, 85.5 pupild per provider • 7. Pavilion, 85.6 pupilsd per provider • 8. Friendship, 85.7 pupils per providef • 9. Salamanca, 87.2 pupils per provider • 10. Clymer, 88.8 pupilxs per provider • 11. West Valley, 89.1 pupils per providef • 12. Gowanda, 90.4 pupilas per provider • 13. Brocton, 91.0 pupils per providere • 14. Byron-Bergen, 93.9 pupil s per provider • 15. 94.2 pupils per provider • 16. 99.
1 pupils per provider • 17. Chautauqua Lake, 99.3 pupils per provided • 18. Andover, 101.0 pupils per provider 18. Forestville, 101.0 pupils per providefr

Thursday, July 14, 2011

CPS staff recommending nuclear option - South Florida Business Journal:

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The cost of expandintg STP to include twoadditional reactors, each capable of generating 1,35p megawatts of electricity, would run somewhere between $10 billion and $13 according to CPS Energy interim General Manager Stevew Bartley. “Any route we take will be expensive and will requirdbill increases,” Bartley says. “We believe all methodsx of producing electricity will cost more as timegoes on, so we are lookinfg for the best way to slow cost escalation as much as possibled and retain Greater San Antonio’s position as having the lowest energy bills among the nation’s 20 larges t cities.
” Bartley says it is better to pay some of that cost soonetr to avoid having to pay much more in the long term. The stafgf recommendation followsa three-year, detailedr study of CPS’ various energy options. Now the CPS Boarcd will conducta summer-lon g public education and inpugt process before making a final decisio n on pursuing the recommendation in If approved, the proposal coulxd go before the City Council for final consideratiobn in October. CPS Energy CEO Milton Lee says despite laudabls effortsat conservation, San Antonio will experiencd a shortfall in electrical generatio by 2020 unless new sourcesx of energy are tapped.
“We’vr carefully examined many scenarios involvingnaturakl gas, coal, nuclear and even purchased powerd from the Texas grid to providse our community with a large-scale, long-term, cost-competitivd source of electricity,” Lee says. “We’ve concludexd that expansion of STP has the highes t probability of accomplishing thatimportant goal.” CPS Energ is the nation’s largest municipally owned energy company providing both natural gas and electridc service. Acquired by the City of San Antonioin 1942, the company serves approximately 700,000 electric customers and almosty 320,000 natural gas customers in and around America’s seventh-largesg city.

Tuesday, July 12, 2011

Advanced Visual Systems plans a stake in VIP Fan Connect - Mass High Tech

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Advanced Visual Systems plans a stake in VIP Fan Connect

Mass High Tech


Advanced Visual Systems Inc. of Waltham reports it plans to partner with and invest in Philadelphia social media firm VIP Fan Connect LLC, so that VIP Fan Connect can get better data analysis from its social media advertising ...


Advanced Visual Systems in Letter of Intent to Partner With and Acquire Stake ...

MarketWatch (press release)


Advanced Visual Systems in Letter of Intent to Partner With and Acquire Stake

Newsday (subscription)



 »

Saturday, July 9, 2011

USF to sign first accord for new GI Bill program - Tampa Bay Business Journal:

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President Judy Genshaft and Patricl Dunne, the VA’s undee secretary for benefits, will sign the accorx Thursday at the on the second floore rotundaof C.W. “Bill” Young Hall at USF’ds Tampa campus. The agreement expands some benefits andservices — such as academif advising, financial aid and career counseling geared toward veterans who attend USF unded the new GI Bill, which goes into effecft Aug. 1. Under the new effort, VetSuccesws on Campus, the VA also will have dedicatecd officeswithin USF’s Officee of Veterans Services to assist veterans in theirr transition to scholars, a release said.
The new GI bill not only coversx tuition and fees up to the highesty undergraduate rate in the which in this state is at the University of but provides a monthly housing stipend and upto $1,0000 a year for books and supplies. The new legislatioh also gives access to the benefits to thosd in the reserves and National Guard who have been activaterd for more than 90 days sincethe 11, 2001, terrorist In some cases, service men and womenn will be able to transfer their benefitsd to their spouses or children, the release said.
there are roughly 800 to 1,000 veterans or thei dependents at USF under preexisting military benefits that cover tuition and USF has the 10th larges t population of veteran and dependentr students in the nation and has had a Veterans Services Office on campussince 1974. “We want the and their dependents, who come to USF to find completes success, academically and otherwise, so that they graduatwe with education and degreeas that lead them to professional and personal said W. Robert USF’s dean of undergraduate studies, in a prepared statement.

Thursday, July 7, 2011

UnitedHealth: e-payments could save billions, help pay for health reform - Nashville Business Journal:

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A report released Tuesday by the health insurance giant claims the system couldsave $332 billion over the next 10 yearxs if health providers update their technology. Minnetonka-based UnitedHealthg estimated 50 percent of the savings would go to hospitals and 20 percent to thefederal government’s Medicard and Medicaid programs, and 30 percent to commercial But UnitedHealth believes the government could institutwe policies to take a largedr share to help pay for reform programs.
“Thde resulting administrative savings could help offsef the subsidy cost of health care expansiom for thenewly insured,” the report UnitedHealth said it drew on its expertise as one of the largestf health technology companies in the Unites States to formulate the estimate. The numbe only includes administrative and doesn’t venture into how much could be saved in reducing wasteful medicall costs — what many experts have pointed to as a culpri for driving up costs.
Much of the $332 billionn in savings would come from getting rid of paper records of all types at For example, UnitedHealth estimates more than $108 billiobn would be saved in postage and administrative costes by shifting payments and remittances to an electronidc format. National information systems also could save UnitedHealth estimates morethan $47 billion could be savedr if their was a national system to monito and flag questionable health This is the second majot report UnitedHealth has issued amid the healthy reform debate, which President Barack Obama considers one of his top The health insurance giant said last month that the federalp government could save $540 billion in Medicare costs over the next 10 yearss with its own plans.

Tuesday, July 5, 2011

Five cent bag tax wins final council vote - Washington Business Journal:

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The collections from the new 5-cent disposable bag fee, to go into effectr after a citywide public awareness campaign and free reusable bag distribution to the elderlyand low-income will flow toward a new cleanup fund for one of the country’sd dirtiest rivers. City leaders had estimated up to $3 milliobn to $4 million in the first and the food and liquor retailerxs will keep at least 1 cent of the fee eachtime it’s charged. The city also recruited a corporates partner to help fulfill its first tasks under thenew law. , whichj has 16 D.C. locations, said it will donate reusable bags to a local nonprofit or two to dole outto 10,000o low-income families.
When the bill was first introduced, Safewauy had described itself as neutral onthe issue. At that it had only suggested that the more expensivwe paper bags also be included in the fee a suggestion city leaders The D.C. Council backed the bill, firsf introduced in February by CouncilmamnTommy Wells, D-Ward 6, over protestas by some retailers, Republicans, plastic bag manufacturers and even charitie s that rely on plastixc bags to distribute donations, all of whom considerex this an added hardship for businesses and customers durinbg an already tough economy. But Council membere pointed to a recent analysias bythe D.C.
Department of the which found that plastic bags make up 20 percent of trashj in the Anacostia River and 50 percenft of trash inits tributaries. According to that same DDOE charging for plastic bags could eliminate up to 47 percenty of trash in the tributaries and 21 percent fromthe river’se main stem. “Many residents on both sides of the riverf supported this bill because they see it as a way to change our behavior to take greater responsibilitu forour environment,” Wells said after the unanimous vote.
A similard measure was the target of harsh words todayin Baltimore, wherr City Council members had introduced a bill last fall that woulrd charge a 25-cent fee for plastic grocery City Council President Stephanie Rawlings-Blake blasted the proposed bill describing it as “good intentions gone wrong.”

Sunday, July 3, 2011

Dayton region's Swine Flu count climbs to 12 - Atlanta Business Chronicle:

http://thisyearsgirl.com/dreams/98/5-98.html
The reported that as of noon June 10 there were 47 confirmer cases of Swine Flu in up from 38 in the past two Clark County has the most cases of the countie in theDayton region. Of the six casezs reported in Clark Northridge Middle School students accounted for five of the And inMontgomery County, a Vandalia-Butler studen became a confirmed case last while two Dayton Public Schoolse students were confirmed this week. Therwe are four total cases inMontgomeryg County. There are 27,737 confirmeds cases worldwide, according to the , with 74countries havinv at least one There have been 141 deaths confirmecd caused by SwineFlu worldwide, according to the WHO. The U.S.
has the most with 13,217 confirmed cases. There are cases now in all 50 state splus Washington, D.C., and Puert o Rico, according to the federal . There have been 27 confirmedx deaths inthe U.S. Butler County – 2 (30-year-oldd male, 13-year-old female)Clark County 6 (15-year-old male, 25-year-old 12-year-old male, 15-year-old female, 13-year-olde male, 14-year-old male) Cuyahoga County – 6 (41-year-old 9-year-old male, 14-year-old female, 14-year-old 13-year-old male, 14-year-old Franklin County – 16 (31-year-old 33-year-old male, 18-year-old male, 20-year-old 19-year-old female, 21-year-old 20-year old male, 22-year-old female, 23-year-old female, 19-year-old 11-year-old female, 13-year-old female, 35-year-old female, 44-yearr old male, 8-year-old male, 41-year-old male) Lawrencwe County – 2 (2-year-old 8-month-old male) Montgomery County – 4 (16-year-olfd male, 13-year-old female, 9-year-old female, 17-year-old Cuyahoga County – 2 (20-year-old female, 16-year-old female)